Just 20% of Cork properties were sold to first-time buyers

Only one in five of residential properties sold in Cork so far this year have been purchased by first-time buyers writes Seán McCárthaigh.

Figures published by the Central Statistics Office show that just 710 of 3,643 properties sold in the city and county in the first eight months of 2016 were bought by first-time buyers representing 19. 5% of the total.